Below are highlights from the recently released trade data from the US Census Bureau and US Bureau of Economic Analysis. To view additional data and analysis related to the California economy visit our website at www.centerforjobs.org/ca.
California Goods Exports
Billion Change In Exports
Total California goods exports were up $0.8 billion in nominal terms from December 2021 (up 5.7%). In real terms, good exports were up 0.6% from December 2021, but were off 9.9% compared to the pre-pandemic levels in 2019.
California remained in 2nd place with 8.99% of all US goods exports (12 month moving total), behind Texas at 23.54%.
California Goods Imports
Billion Change In Imports
Total California destination goods imports dropped $3.8 billion in nominal terms from December 2021 (down 9.0%). In real terms, goods imports were down 12.0% from December 2021, but were up 2.6% compared to pre-pandemic December 2019.
Top 20 Exports, December 2022
Top 20 exports by value are shown below, along with the change from December 2021.
Top 10 Export Markets, December 2022